Where we’re going

An operationally active investment holding company whose core competence is the management of a balance of cash generative and growth businesses – market-leading service, trading and distribution businesses

Strategy

• Own the cash flows
• Management of distribution channels
• A balance of mature and growth businesses
• Funds allocated across asset base according to proven return criteria
• Vigorous capital management – cash used from mature businesses to fund growth businesses and acquisitions
• Identifying acquisitive value

Implementation

• Businesses actively and successfully managed
• Decentralised, focused business units
• Market leaders in distribution channels:
  – Critical mass for sourcing and funding
  – Reaching common customers
  – Customising and creating long-term solutions for customers

Management focus

• A team of operationally strong, entrepreneurial owner-managers:
  – Financial disciplines (working capital, managing sustainable returns)
  – Corporate office frees up businesses to perform
• Financial integrity
• Proven ability to correct underperformance (including organic growth record from acquisitions)
• Proven ability to create value in businesses